Sorryif I don’t share in your optimism, sadly as a result of thefollowing history I have witnessed:
23/10/2008 2008 Annual ReportDirectors’Report on Operations
Atthe time of writing, the Demonstration Plant is producing high gradesynrutile and iron pellets.
23/10/2009 Annual Report 2009
Chairman’sReview
Theupgrade will take 3 months and it is expected that the Newcastle IronRecovery Plant will commence operations early in 2010
and beoperating at full capacity later in the year.
25/10/2010 Annual Report 2010
DirectorsReport
THENEWCASTLE IRON RECOVERY PLANT ON KOORAGANG ISLAND
Commissioningand initial production is scheduled for 2011.
21/10/2011 Annual Report 2011
Chairman’sReview
Commissioningof the Plant will commence in the last quarter of 2011 and will takethree months. Production and sales will commence
in the first half of2012.
22/10/2012 Annual Report 2012
Directors’Report on Operations
Oncethe Newcastle Iron Recovery Plant is in production next year, Austpacwill be in a position to realise a number of additionalopportunities.
26/09/2013 Annual Report 2013
Directors’Report
Productionis planned for the last calendar quarter of 2013
15/10/2014 Annual Report 2014
Chairman’sReview
Expenditureduring the year totalled $2.5 million as the Plant moves towardcompletion.
26/10/2015 Annual Report 2015
Directors’Report on Operations
Theobjective of this assessment is the funding for the completion ofconstruction, commissioning and commencement of production.
24/10/2016 Annual Report 2016
Directors’Report
TheSchedule and timetable ……... is to complete construction andcommissioning of the Newcastle Iron Recovery Plant in 2016.
24/10/2017 Annual Report 2017
Chairman’sReview
Austpachas progressed the Newcastle Zinc and Iron Recovery Plant (NZIRP)towards commercialisation during the financial year.
31/07/2018 Quarterly Report to 30 June 2018
HIGHLIGHTS
Itis anticipated that other commercial agreements will be finalisedonce the test program is completed and the final products areevaluated by all interested parties.
31/10/2018 Annual Report 2018
Inearly August 2017 ………. until processing is complete.
29/08/2019 Preliminary Final Report 30 June 2019
Corporate
Oncethe testwork program is successfully completed ..........
02/11/2020 Annual Report to shareholders
Directors’Report
InJune 2020, the Company scaled down Newcastle site operations ……..
2008Annual Report throughto2020 AnnualReport to shareholders
INDEMNIFICATIONOF OFFICERS AND AUDITORS
Thecompany does not have a Directors’ and Officers’ insuranceagainst liability which may arise from holding the position ofDirector or Officer.
01/11/2021 Annual Report to shareholders
INDEMNIFICATIONOF OFFICERS
TheCompany has agreed to indemnify each of its Directors and Officersincluding the Company Secretary of the Company for costs incurred, intheir capacity as a director or officers, for which they may be heldpersonally liable, except where there is a lack of good faith.
